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Dec 31, 2021
Live Nation Q4 2021 Earnings Report
Released financial results for the quarter and full year ended December 31, 2021.
Key Takeaways
Live Nation Entertainment reported strong Q4 2021 results, driven by the return of live events and robust ticket sales. The company saw significant growth in ticketing, concerts, and sponsorship & advertising revenue compared to Q4 2020. The company anticipates a record year in 2022, with strong demand and bookings.
All divisions back on growth trajectory.
Ticketing delivers best quarter ever, with huge demand driving Q4 operating income up 118%, AOI Up 62%, and transacted GTV Up 20% (vs Q4 2019).
Sponsorship Q4 Operating Income Up 37% and AOI Up 39% (vs Q4 2019).
Event-Related Deferred Revenue of $2.3 billion—Almost Double Year-End 2019.
Revenue by Segment
Forward Guidance
Live Nation anticipates a record year in 2022, driven by strong supply and demand.
Positive Outlook
- Confirmed show bookings and ticket sales are up double-digits across major venues.
- 45 Million tickets already sold for 2022 shows, with pricing on Top 10 tours up over 20% (vs 2019).
- Sponsorship commitments are up double-digits relative to 2019, already over 80% sold for year.
- Acquisition of OCESA gives immediate scale in Mexico and establishes another path into the broader Latin American market.
- Sponsorship and advertising pipeline is similarly setting up for a strong 2022, up double-digits through mid-February relative to 2019, with over 80% of planned revenue for the year committed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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